President Obama and the boomerang generation
Study: More recent grads are moving back home
- Duration 6:47
- Date Mar 1, 2013
Study: More recent grads are moving back home
Also in this playlist...
This transcript is automatically generated
It -- 1145%.
Of recent grads were living with their mom and dad which is 45% higher than ten years ago.
The report by pew researcher who probably lives with his mother finds that if you expand the age range it's even worse about 60%.
More eighteen to 34 year -- were holed up with their families that ten years prior.
So I guess decide -- -- right thirty is the new twelve.
Theories -- young people about perceived menial jobs is beneath them thanks to an administration that mocks burger flipping.
Far better to drink keys down -- to work on one.
Slacking beats fracking says our president but sadly not everyone to -- placement as a community organizer.
-- of the -- of living at home in your early thirties has been replaced with a stigma far worse not voting for Obama in your early twenties.
What of that -- get you exactly your same old twin bad.
Health insurance you don't need no job no future world -- debt.
Yet how little is a college education -- that they can't -- out of the nest.
The ease by which you can get a loan allowed colleges jacket -- to work out this grads are paying -- degrees that taught them nothing more than.
You got it community organizing just -- we need a million graduates majoring in Santa -- studies putting up adulthood for another decade.
Well he's not a data HBO you can watch ten episodes of girls in a row -- work.
-- -- shocked shocked.
Perhaps even outraged to learn how many people -- -- -- I had no idea.
I still can't believe -- Craig is -- This is so sad.
It's really really sad I actually can't believe that a lot of them voted for President Obama I hope it's a wake up call for them.
But it's not all bad and I know I'm gonna take a lot of heat for saying this but I wrote a column and you're -- news.
About two years ago when young people were beginning to get really hit by that the recession.
I think it's actually -- decent thing the everybody gets a trophy generation.
Now has to go out and get jobs -- quiz knows they're humble they can make sandwiches they can work -- movie theaters it's teaching them.
Responsibility a lot of them come at a college feeling entitled.
Brain -- as you pointed out by -- -- like the history of garbage through of course by the -- and they have to.
Actually work -- -- not entitled to get -- a little bit it's good for everybody.
Bob I lived at home I went on I've moved I graduated then I mean it will work for your decade back -- lives and help I actually really like living home.
Is it's -- something positive and heartwarming about it.
Well I mean I couldn't go back from that point where I grew up I thought you still did the umpire -- well yeah.
But I would end up and working out and no idea that.
Blaming Obama for this just as outrageous but -- -- I -- it's a -- When you do that you guys do it but when he took up mr.
bleeding 7000 jobs -- Let unemployment rate higher than when he -- at -- -- -- -- that is true.
There are not a lot of good jobs out there.
There are not a lot of ways you can't live on -- working equations you can't.
I moved home after college but I couldn't find a job I had to waitress but I worked really hard to find one it blue Hawaii healthy you eat what they have to do -- to it stinks but you know let it life.
But it but -- gonna take jobs like that they gonna have to -- at home because they can't start.
They can get apartments again do all that I don't think so it is a rough economy for people coming out of college and this is billed as a result of it.
And by the way I'm not -- sure it's a bad all the way around I mean.
You know you have the empty nest syndrome.
Yeah yeah those people -- ED you know and other countries Stanley -- sit together a good thing Italy for example has sixteen generations living and one -- -- Well look I don't think there's anything wrong with the apple at the home I think you should live at home -- -- would love my son if he needs the lid -- stay home but he's all of our team but.
But right but Bob viewpoints and -- on the block he said well personal incomes are down.
Three point 6% largely due to the payroll tax increases to taxes go up personal income -- -- you said that.
Kids living at home has nothing to do with President Obama and he's the one who instituted -- -- or took the payroll tax holiday out and -- raise taxes how is it not his.
All -- well I mean this is been going on before a month ago.
When this -- those payroll tax cuts to -- -- two months ago.
So you can't say that this is said -- just happened to -- you didn't go I just usually -- have a pretty good discussion about trends today yet.
But what's the trend and what the trend is obviously up -- the question is isn't that pretty heavy in the last three years.
But the trend we're going in the wrong direction if you take more personal if you get more in commodity in the pocket and when you're gonna have a -- your -- free market keeps our streets and jobs -- -- -- -- -- -- isn't the real problem here is the solution so far -- has been spread the wealth around with tax tax tax as opposed to building.
-- creating more taxpayers or building wealth.
-- so there's two ways of looking -- you could say OK these young people don't have jobs so let's look at away that the government could help them more.
But there's another way to look at it to say how -- the government holding them back.
And I think that the second questions one at about how I would look at it that the growth of this country's -- point 1%.
Barely keeping up with inflation as we saw from those numbers.
-- at some point if the administration can't have it both ways that if the recession ended as soon as the President Obama came -- with just four months later.
If that the recession ended that up at what point as he'd have to take any responsibility.
-- lagging and economy at what point isn't it response what percent unemployment.
If you cannot blame bush for both things yeah all over the -- for about much longer and but hopefully that that tax upon piece that I mention.
And at the -- Keystone Pipeline gets.
Press sports have it.
These young kids you know she took responsibility when he went before the voters -- to four -- -- -- well that way he didn't.
Take responsibility he blamed bush and now going forward he'll blame -- -- Aaron.
-- you're telling me that in in that 2012 -- United States did not suffer at the polls because of the economy.
Let's see who we play -- -- anybody any pain Henry chow hall party here and we OK you need to throw insults Bob this is what you do when you get on your heels.
You sat here and -- celebrated.
The fact that President Obama he -- every day he walked it we won and get over it guys OK he again you can't have it both ways that China had Alexander says they're still on the -- It was very clearly there and people do it and they still reelected the president states.
OK so here's the reality has nothing to do President Obama probably over the recessions last between eighteen and one -- four months on average.
This one lasted technically about thirty months.
And if you add into beaten almost a negative growth last quarter he -- be could make an argument for for your recession.
-- don't look him.
But see they'll never say that they have any responsibility and they don't do anything about it it's like not our fault.
-- -- Hollywood now.
But that you just as you say that does -- voters don't perceive it.
Let's move on -- and.